Orascom Construction

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Orascom Construction Limited
Public
Traded as EGX: ORAS
Industry Construction, Engineering
Founded 1950
Headquarters Cairo, Egypt
Key people
Jerome Guiraud, chairman, Osama Bishai, CEO
Revenue Increase US$ 4.03 Billion (2016)[1]
Increase US$ 678 Million w/ cement operations (2011)[2]
Website www.orascom.com

Orascom Construction Limited is an engineering, procurement, and construction (EPC) contractor based in Cairo, Egypt. The company was Egypt's first multinational corporation and is one of the core Orascom Group companies. OC is one of the region’s largest corporations and is active in more than 25 countries.

History[edit]

Night view of the Nile City Towers. Orascom Construction headquarters is at the south tower (on the right). In-between the two towers lies the Fairmont Hotels and Resorts.

OC was established in Egypt in 1950 and owned by Onsi Sawiris. OC owned and operated cement plants in Egypt, Algeria, Turkey, Pakistan, northern Iraq, North Korea and Spain, which had a combined annual production capacity of 21 million tonnes.[3] In December 2007, OC announced the divestment of its cement group, Orascom Building Materials Holding (“OBMH”), the holding company for its cement group assets, to the French Lafarge.[4] The sale closed in January 2008.[5]

The Nile City Towers consist of a pair of 32-floor office buildings and has an implementation of the EIB/KNX building management system.[6]

In 2013, Bill Gates Group invested $1 billion in Orascom Construction.[7]

See also[edit]

References[edit]

  1. ^ "Orascom Construction Limited Annual Report 2016" (PDF). Orascom Construction. Retrieved 7 July 2017. 
  2. ^ "Orascom Construction Industries S.A.E. Annual Report 2011" (PDF). orascomci.com. 
  3. ^ "Orascom Construction Industries S.A.E. announces OCI Invests in DPRK Cement". Market Wired. July 16, 2007. 
  4. ^ Hollinger, Peggy; England, Andrew (10 December 2007). "Lafarge buys Orascom Cement for €10bn". Financial Times. Retrieved 21 September 2015. 
  5. ^ OCI/Lafarge transaction completion Orascom Construction Industries, undated
  6. ^ John Beniston, Jens Kommert ABB STOTZ-KONTAKT GmbH. "ABB i-bus® EIB / KNX References". knx-gebaeudesysteme.de. Archived from the original on 12 January 2008. 
  7. ^ "Bill Gates Group Invests $1 Billion in Orascom Construction". Bloomberg.com. 2013-01-19. Retrieved 2017-04-12. 

External links[edit]